27 MARGARET Avenue
Waterloo, Ontario
5 bed • 3 bath • Multi-family
Exceptional investment opportunity in the highly sought-after Lincoln Heights neighbourhood of Waterloo! Situated on a high-visibility corner lot at 27 Margaret Ave N, this well-maintained triplex offers versatility, steady income, and future potential. Two units are currently occupied by month-to-month tenants, while the upper 2-bedroom unit is vacant—perfect for an owner looking to move in or an investor ready to set their own rents. The upper unit has been recently refreshed and repainted and comes equipped with a new fridge and stove, offering a bright, move-in-ready living space. The building is accessible via stairs or a concrete ramp, providing easy entry for a variety of occupants, and features ample on-site parking. With excellent exposure and close proximity to transit, highway access, shopping, universities, trails and schools, this property is ideally positioned in one of Waterloo’s most convenient neighbourhoods. A rare opportunity to secure a solid triplex in a thriving area—don’t miss out!
Price History
Schools
Elementary
- École élémentaire L'Harmonie0.2 km
French public · CS Viamonde · 290 students
Grade 3 reading: 92% met the provincial standard · Grade 6 math: 79% met the provincial standard
- St Agnes Catholic Elementary School0.3 km
Catholic · Waterloo CDSB · 595 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 43% met the provincial standard
- Elizabeth Ziegler Public School1 km
Public · Waterloo Region DSB · 510 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 47% met the provincial standard
Secondary
- Bluevale Collegiate Institute0.5 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School1.8 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
- Waterloo Collegiate Institute2.2 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2J
- Population
- 20,899
- Private dwellings
- 10,672
- Median age
- 36.8
- Average household size
- 2.2
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Waterloo · last 12 months
- Median sold price
- $691,750
- Homes sold
- 1,042
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,042 recorded sales of multi-family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$220,000
Estimated Monthly Payment
$5,404
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,404/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $275/mo
Estimates only. Consult a financial advisor.
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